Galipolo said foreign exchange rates and oil prices have trended well recently but flagged caution is still needed as the international scenario remains unclear. Brazil has been cutting rates at a pace of 50 basis points per meeting since August. More
The blockage, reported by local news outlet Kursiv, is part of a broader strategy by the Kazakh government to manage digital assets and introduce a Central Bank Digital Currency (CBDC). The so-called “great Kazakh investment firewall” has been causing access issues to Coinbase and other exchanges like Kraken since September.Several exchanges, including Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit and Xignal&MT have managed to secure approval from AIFC, thereby ensuring their continued operation within the country. However, Coinbase’s failure to comply with these licensing requirements has resulted in its current blockage.In addition to exchange regulation, Kazakhstan’s strict rules also extend to its prominent mining sector. In October, eight major crypto-mining firms penned an open letter to President Kassym-Jomart Tokayev, highlighting a “very distressful situation” due to high energy costs.The implications of this blockage are significant for both Coinbase and its Kazakhstani users. With a surge in cryptocurrency interest and usage in the country, users will no longer be able to trade or access their accounts on the platform. The response from Coinbase regarding this regulatory action is yet to be seen.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Tuesday that policymakers believe there is still a significant interest rate differential in Brazil compared to advanced economies, which does not greatly limit their room for maneuver. Speaking at an event hosted by Bradesco Asset Management, he cautioned that the liquidity environment will dry up, which is why the country needs to do its “homework” and have its fiscal situation in order. More
“When activity continues to run this hot, that makes me question if policy is as tight as we assume it currently is,” Kashkari said in an interview with Bloomberg Television. “So if you saw inflation tick back up and you saw continued very strong economic activity in the real side of the economy that would tell me we might need to do more.”He added he does not currently see a lot of evidence the economy is weakening.The U.S. central bank last week held its benchmark interest rate steady at between 5.25% and 5.50% but signaled it remained open minded on the need to raise borrowing costs further to bring inflation back down to the target rate.Kashkari’s comments echo those he gave on Monday in which he said the Fed had more to do to tame price pressures. More
The research found that 88% of leaders agree that globalization is succeeding across five pillars: trade, capital, technology, talent, and sustainability. Nearly all respondents (95%) supported free capital flow and 86% believed that global trade positively impacts sustainable development. The leaders advocated for the role of trade in driving economic growth and resilience in supply chains and called for a collaborative approach to international trade agreements and complementary domestic policies.Technology emerged as a significant theme with 75% of leaders stating that the free global data flow has positive outcomes. They also called for a safe digital future of finance. Chinese business leaders expressed optimism about the role of digital assets in solving challenges around moving money.On the topic of talent mobility, 74% agreed it’s beneficial for businesses to hire talent from anywhere globally. UK business leaders were most likely to say that globalized services have created significant opportunities where they reside.The survey also revealed that 70% of respondents approve of global governance mechanisms for sustainability, but only 56% agreed on the need for global efforts to tackle climate change. Reflecting on these figures, Bill Winters, Group Chief Executive of Standard Chartered, emphasized the need for a reset to make globalization fairer, more inclusive, and more sustainable. He stressed the need for resilient and inclusive trade, greater capital flows to bridge funding gaps in growing markets, technological progress benefits for more people, and a just transition to achieve collective sustainability goals.The study aims to identify catalysts to foster a more inclusive, transparent globalization model favoring smaller businesses and emerging markets. Despite skepticism due to current global issues, a majority of leaders affirm the success of globalization and express optimism for its future.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In a blog post, Xbox general manager of gaming AI Haiyan Zhang announced that the company is building AI game dialogue and narrative tools through a multiyear partnership with Inworld AI, a company focused on allowing the integration of AI into non-playable characters (NPCs) in-game. Zhang wrote: Continue Reading on Cointelegraph More
The whale’s withdrawal of 140,100 AAVE tokens resulted in a daily high of $102.90 per token, according to data from CoinMarketCap. Concurrently, the 24-hour trading volume escalated to $336,641,183. This activity not only boosted the token’s price but also strengthened AAVE’s position against Bitcoin by 16.49%, pushing its weekly performance to an impressive +25%.As a result of these developments, the market capitalization of AAVE crossed the $1.5 billion mark, highlighting the significant impact such large-scale transactions can have on the value and standing of a digital asset.Meanwhile, amidst these developments, trading for AAVE was temporarily suspended on Polygon, Arbitrum, and Optimism due to issues with the Aave Protocol. The suspension underscores the inherent risks and volatility associated with digital asset trading and blockchain-based platforms.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The “seed” project tag is assigned by Binance to high-risk and potentially volatile tokens. In line with this classification, Binance issued an announcement advising traders to fully comprehend ORDI’s fundamentals and apply risk management before initiating trading activities.The Bitcoin Ordinals protocol allows users to inscribe digital art references into small Bitcoin transactions leveraging the BRC-20 token standard, introduced earlier this year. This novel functionality has triggered a wave of digital artwork and meme tokens on Bitcoin. To date, the protocol has issued 38 million inscriptions, accumulating over $77 million in Bitcoin-based developer fees.In conjunction with the ORDI listing, Binance rolled out spot trading pairs ORDI/BTC, ORDI/USDT, and ORDI/TRY. The exchange also conducted an ORDI Deposits and Withdrawals Activity as part of the listing process. This activity rewarded the first 1,000 users depositing no less than 72 ORDI tokens with a $50 USDT Trading Fee Rebate Voucher.Binance has also made it mandatory for users interested in trading such tokens to pass regular quizzes on their platforms. This measure is designed to ensure that traders understand the risks and unique attributes associated with these types of tokens.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
